Fiserv Launches Fintech-Powered Lending and Credit Platform

Fiserv, a global leader in payments and financial services technology, announced that it has launched a cloud-based, digital lending and credit platform to help financial institutions build their small and midsize business (SMB) programs.

According to the press release, the latest Fiserv offering leverages the Atlas Platform from fintech StreetShares, enabling financial institutions to manage the full lending lifecycle from digital document capture, underwriting, offer management and closing-delivering against the expectations of both staff and customers.

The platform includes strong analytics capabilities, automated decisioning insights and a streamlined, integrated small business owner hub that makes it easy for financial institutions to make and edit digital loan offers.

“Financial institutions are crucial to funding the capital needs of small businesses, which play an outsized role in ensuring the vitality of communities around the country,”said Todd Horvath, head of Account Processing at Fiserv.

“The introduction of a turn-key, digital-first small business lending and credit platform in partnership with StreetShares underscores our focus on creating the connections our financial institutions need to stay competitive – all backed by our commitment to open banking,”Horvath added.

Last month, Fiserv announced that it plans to build a strategic hub​ for technology and product innovationin Berkeley Heights, New Jersey. According to the fintech firm, the hub will be one of the largest on the East Coast.